Bank of America
BAC
$36.97
Share price
3.35%
Change (1 day)
22.99%
Change (1 year)
Categories
Bank of America Corporation is a major US bank headquartered in Charlotte, North Carolina. The company was at times the largest credit institution in the United States.
Operating Margin for Bank of America (BAC)
Operating Margin as of April 2024 (TTM): 33.15%
According to Bank of America 's latest financial reports and stock price the company's current Operating Margin is 33.15%. At the end of 2022 the company had an Operating Margin of 32.62%.
Operating Margin history for Bank of America from 2001 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 32.62% | -14.45% |
| 2021 | 38.13% | 71.67% |
| 2020 | 22.21% | -38.13% |
| 2019 | 35.90% | -5.52% |
| 2018 | 38.00% | 13.61% |
| 2017 | 33.44% | 11.29% |
| 2016 | 30.05% | 11.56% |
| 2015 | 26.94% | 226.6% |
| 2014 | 8.25% | -56.12% |
| 2013 | 18.80% | 397.2% |
| 2012 | 3.78% | -1515.04% |
| 2011 | -0.27% | -78.81% |
| 2010 | -1.26% | -131.69% |
| 2009 | 3.98% | -35.11% |
| 2008 | 6.13% | -81.76% |
| 2007 | 33.61% | -27.06% |
| 2006 | 46.08% | 7.62% |
| 2005 | 42.82% | 2.93% |
| 2004 | 41.60% | 1.82% |
| 2003 | 40.85% | 10.45% |
| 2002 | 36.99% | 28.37% |
| 2001 | 28.81% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 JPMorgan Chase JPM | 40.01% | 20.69% | 🇺🇸 USA |
 Wells Fargo WFC | 23.13% | -30.23% | 🇺🇸 USA |
 Citigroup C | 23.30% | -29.71% | 🇺🇸 USA |
 U.S. Bancorp USB | 27.15% | -18.10% | 🇺🇸 USA |
 Trustmark TRMK | 15.58% | -53.00% | 🇺🇸 USA |
 Barclays BCS | 31.02% | -6.43% | 🇬🇧 UK |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.